Alhaji Ibrahim T. Mohammed,the Managing Director (MD) of Peugeot Automobile Nigeria (PAN), has called on the Federal Government to audit about 50 companies in Nigeria that are claiming to be automobile manufacturing companies.
In an interview with Daily Trust, he said that the country’s automotive policy is not sufficiently strong on implementation and regulation.
“Like I told you earlier, up to 50 companies in Nigeria today are claiming manufacturer status. The policy should have elements that enable you to ascertain the companies that really qualify as manufacturers.
“For you to be a manufacturer there are certain equipment and machinery that must be in your factory and you must be able to assemble vehicles for you to be a manufacturer. There are some companies that claim they are manufacturers but are only importing fully built units of cars and benefiting from the customs duty concessions provided for manufacturers.
“That is why we want the policy to provide for checks and balances and ensure that those that are not manufacturers are not allowed to bring in vehicles at concessionary rates,” he said.